Approved: 02/27/24
LD 646 LR 1194(03)
FY 2023-24 FY 2024-25
Projections
FY 2025-26
Projections
FY 2026-27
Net Cost (Savings)
General Fund $15,050,000 $0 $0 $0
Appropriations/Allocations
Other Special Revenue Funds $15,050,000 $0 $0 $0
Transfers
General Fund ($15,050,000) $0 $0 $0
Other Special Revenue Funds $15,050,000 $0 $0 $0
Fiscal Detail and Notes
This bill transfers $15,000,000, on or before March 1, 2024, from the unappropriated surplus of the General Fund to
the Department of Administrative and Financial Services, Property Tax Stabilization program, Other Special
Revenue Funds account to be used to fully reimburse municipalities for revenue lost under the program. The bill also
transfers $50,000, on or before June 30, 2024, from the unappropriated surplus of the General Fund to the
Department of Administrative and Financial Services, Property Tax Stabilization - Mandate program, Other Special
Revenue Funds account to be used to reimburse municipalities for state mandated costs related to implementation
and administration of the
program.
131st MAINE LEGISLATURE
An Act to Fully Reimburse Municipalities for Lost Revenue Under the Property Tax Stabilization for
Senior Citizens Program
Fiscal Note for Bill as Engrossed with:
C "A" (H-755)
Committee: Appropriations and Financial Affairs
Fiscal Note
LR1194(03) - Fiscal Note - Page 1 of 1